Systemair is a leading company in the development, manufacturing, and sale of ventilation products, including fans, ventilation units, air distribution products, air conditioning, and heating systems. As Europe’s largest supplier of ventilation products, Systemair caters to ventilation installers and distributors of ventilation and electrical products, with installations in various buildings such as offices, residences, and industrial facilities.
With a market value of SEK 20,280 million and a net debt of SEK 1,020 million, Systemair boasts 26 production facilities and approximately 6,500 employees, headquartered in Skinnskatteberg. The company’s major markets include Western Europe, which accounts for over 40% of its revenue, and the Nordic region, contributing almost 20%.
Founded and chaired by Gerald Engström, who owns 42.8% of the company’s shares, Systemair is led by CEO Roland Kasper. Over the past five years, the company has achieved an average annual sales growth of around 8%, mainly driven by organic growth of about 7% and acquisitions. Systemair aims for at least 10% annual growth over an economic cycle, both organically and through acquisitions.
In its latest quarterly report for the fiscal year 2024/25, Systemair reported a slight decline in revenue by 1.3% to SEK 3,146 million, with organic growth at 2.6%. Despite challenging market conditions in Western Europe, all other regions experienced positive organic growth, signaling resilience and adaptability in the face of economic fluctuations.
Elevated energy prices and a growing focus on energy efficiency and sustainability are propelling market growth, creating opportunities for Systemair to capitalize on increasing demand for energy-efficient ventilation solutions. With buildings accounting for about 40% of Europe’s total energy consumption and consequential carbon emissions, energy-efficient ventilation systems play a crucial role in reducing environmental impacts.
Systemair’s financial performance remains strong, with a solid balance sheet and a strategic focus on acquisitions to drive future growth. With a clear trajectory for revenue and margin expansion, the company is positioned for sustained success in the competitive market landscape.
Looking ahead, Systemair’s prospects for growth and value creation remain promising, supported by its resilient business model, strong market position, and commitment to innovation and sustainability. As a top player in the ventilation industry, Systemair continues to demonstrate its ability to navigate challenges and leverage opportunities for long-term success.